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In this video tutorial, the presenter explains how to hide placeholder text in content control form fields while creating forms. The placeholder text typically appears in light gray to prompt users, but it can be undesirable at times. To conceal it, the presenter demonstrates the process using an example form. They select the "Design Mode" option, highlight the placeholder text (including punctuation), and then right-click to access the font settings. In the font effects section, there is an option to mark the text as hidden, effectively removing it from view. Viewers are encouraged to check the channel's playlist for more tutorials on creating fillable forms.